Washington, DC (CN) – As part of intense, last minute negotiations with Republicans on raising the national debt ceiling President Obama has offered to sell his and Michelle’s Burning Man tickets.

The President said all profit from the sale of the two tickets will be applied to lowering the federal debt.

It was announced last weekend that BurningMan had sold out for the first time since tickets were introduced at the Burn of 80 AD when it was first held at the Roman Colosseum. Prices for Burning Man tickets rose on global commodity markets when trading opened Monday. The value of a single ounce of Burning Man ticket has now risen faster, higher, and stronger than gold.

“The Treasury Secretary Tim Geithner has advised me that under the current economic climate we should be able to haul in about $20,000 a ticket,” said President Obama in a statement in the White House Rose Garden. He was later seen weeping with Michelle as he repacked a dusty set of fire poi and a pink fuzzy full length jacket.

The offer to sell the ticket was accepted by the Republicans and Democrats in a rarely seen moment of honest bi-partisanship.

“As much as I’d love to see Obama in the great state of Nevada wearing a pink tutu spinning poi, sometimes the welfare of the country comes first”, said Senate Majority Leader Harry Reid (D-NV). “But just barely.”

“I’m not sure what Burning Man is,” said a confused GOP House Speaker John Boehner. “But I guess it’s better the QE3.”

Well, you’re right about insurance. It doesn’t cover chginang your mind, or having to work, etc. It’s just like your car insurance doesn’t cover painting your car green because you decided you want a different color.The exact rules (can you get a refund if you cancel, can you make changes, how much do changes cost) vary from airline to airline but more importantly by the fare basis of the ticket you buy. Look at the actual rules for each fare you consider. I’m sure you could buy a ticket today that you could cancel in October or even on the day of the flight and get a full refund. I’m also sure it wouldn’t be $588. Probably more like $1588! You could also get a ticket that you could change for a price, but could not get an outright refund. That might be the $588, or might not. The cost to change in October (or even tomorrow) would likely be between $100 and $200, PLUS any difference between the fare you paid and the best fare available at the time you make the change.You may be able to find a ticket that you just flat out changed change at all and, if so, that would be the cheapest ticket available.Flexibility is indeed available, but it has been commoditized and comes with a price tag.By the way, I can see no advantage to buying through Orbitz rather than directly from the airline. (Like Expedia, Yahoo, etc., it’s great for searching, though.)